Merchants Bancorp (NASDAQ:MBIN) Short Interest Up 5.9% in January

Merchants Bancorp (NASDAQ:MBINGet Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 241,100 shares, a growth of 5.9% from the December 31st total of 227,600 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 123,200 shares, the days-to-cover ratio is currently 2.0 days.

Insider Buying and Selling at Merchants Bancorp

In other Merchants Bancorp news, Vice Chairman Randall D. Rogers sold 21,157 shares of Merchants Bancorp stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $31.75, for a total value of $671,734.75. Following the completion of the sale, the insider now owns 57,894 shares in the company, valued at approximately $1,838,134.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 40.75% of the stock is owned by company insiders.

Institutional Trading of Merchants Bancorp

A number of institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in Merchants Bancorp by 43.4% during the 1st quarter. FMR LLC now owns 1,507 shares of the company’s stock worth $39,000 after acquiring an additional 456 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Merchants Bancorp by 1,150.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,140 shares of the company’s stock worth $115,000 after acquiring an additional 3,809 shares in the last quarter. Advisory Services Network LLC lifted its position in Merchants Bancorp by 9.6% during the 1st quarter. Advisory Services Network LLC now owns 4,847 shares of the company’s stock worth $126,000 after acquiring an additional 425 shares in the last quarter. Fairfield Bush & CO. acquired a new position in Merchants Bancorp during the 2nd quarter worth approximately $136,000. Finally, Legal & General Group Plc lifted its position in Merchants Bancorp by 6.0% during the 4th quarter. Legal & General Group Plc now owns 6,052 shares of the company’s stock worth $147,000 after acquiring an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Stock Down 3.6 %

Shares of NASDAQ:MBIN opened at $42.17 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.80 and a current ratio of 1.07. Merchants Bancorp has a 1 year low of $21.50 and a 1 year high of $48.68. The stock has a market capitalization of $1.82 billion, a P/E ratio of 7.48 and a beta of 1.16. The stock has a 50-day simple moving average of $40.13 and a 200-day simple moving average of $33.11.

Merchants Bancorp (NASDAQ:MBINGet Free Report) last issued its earnings results on Monday, January 29th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. Merchants Bancorp had a return on equity of 26.18% and a net margin of 23.42%. The business had revenue of $346.21 million during the quarter, compared to analysts’ expectations of $142.65 million. Equities analysts forecast that Merchants Bancorp will post 5.39 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, December 14th. Merchants Bancorp’s payout ratio is currently 5.67%.

Analyst Ratings Changes

Separately, Raymond James lifted their price target on Merchants Bancorp from $44.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday.

Read Our Latest Stock Report on MBIN

About Merchants Bancorp

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Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator.

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